Dubai theme park operator DXB Entertainments is reportedly in talks with banks to restructure $1.15bn of loans used to build Dubai Parks and Resorts after visitor numbers were well under expectations.

Bloomberg cited sources as confirming the firm is looking to reschedule the loan it signed in 2014 and is asking banks to freeze payments for three years.

The facility matures in 2026 and DXB is in talks with lenders including Qatar National Bank, Abu Dhabi Commercial Bank and Dubai Islamic Bank, according to the publication.

The report comes a week after Reuters said Dubai indoor theme park operator Ilyas & Mustafa Galadari Group (IMG) was in talks with banks to restructure a Dhs1.2bn ($326.7m) syndicated loan and extend its maturity.

IMG said the loan was due to a cost overrun in the park’s pre-opening phase but bankers told Reuters one reason for the talks was also low footfalls after the August 2016 opening.